Reported 14 days ago
Chinese stocks in Hong Kong experienced a drop following a disappointing fiscal plan revealed during a key legislative meeting, failing to meet investor expectations for substantial stimulus to boost domestic demand and address deflation. The Hang Seng China Enterprises Index fell significantly, primarily impacting property and consumer stocks. Amid ongoing economic concerns, including low inflation and declining factory prices, foreign investment in China has also decreased, further reflecting investor pessimism as uncertainties loom over future trade policies.
Source: YAHOO